Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.12 | 0.91% |
| Return on Equity (%) | ▲ | 9.99% | +1.09 | 8.90% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.29 | 2.67% |
| Efficiency Ratio (%) | ▼ | 59.34% | +0.66 | 58.68% |
| Pre-Provision Profit ($M) | ▲ | $19 | +2.04 | $17 |
| Cost of Funds (%) | ▲ | 2.63% | -0.22 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,099 | +981.92 | $5,117 |
| Gross Loans ($M) | ▲ | $4,567 | +601.36 | $3,965 |
| Loan Growth YoY (%) | ▼ | 90.40% | -2.33 | 92.73% |
| Total Deposits ($M) | ▲ | $5,003 | +768.97 | $4,234 |
| Shareholders Equity ($M) | ▲ | $606 | +56.93 | $549 |
| Tang. Book Value ($M) | ▲ | $605 | +56.38 | $548 |
| TBV excl. AOCI ($M)** | ▲ | $638 | +70.22 | $568 |
| Loan / Deposit Ratio (%) | ▼ | 90.40% | -2.33 | 92.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.07 | 0.20% |
| Allowance / Loans (%) | — | 0.95% | -0.02% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.11 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.93% | -2.73 | 16.66% |
Noninterest income ($9.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅██ | Net Interest Margin (%) | 2.52% | 2.48% | 2.57% | 2.67% | 2.72% | 2.76% | 2.98% | 2.96% |
| ▁▁▄▄▅▅█▆ | Return on Assets (%) | 0.73% | 0.71% | 0.90% | 0.91% | 0.94% | 0.94% | 1.15% | 1.03% |
| ██▃▂▂▂▁▃ | Efficiency Ratio (%) | 64.6% | 65.1% | 59.1% | 58.7% | 58.0% | 58.5% | 56.6% | 59.3% |
| █▅▄▄▄▃▃▁ | Cost of Funds (%) | 3.17% | 2.91% | 2.88% | 2.85% | 2.85% | 2.80% | 2.78% | 2.63% |
| ▁▁▅█▂▅▅▁ | NPA / Assets (%) | 0.12% | 0.13% | 0.16% | 0.20% | 0.14% | 0.16% | 0.17% | 0.13% |
| ▁▃▆█▃▄▅▁ | Net Charge-Off Ratio (%) | 0.16% | 0.19% | 0.22% | 0.26% | 0.18% | 0.20% | 0.22% | 0.15% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $515 | $521 | $536 | $548 | $563 | $576 | $590 | $605 |
| ▁▂▃▄▄▇▆█ | Gross Loans ($M) | $3,519 | $3,707 | $3,808 | $3,965 | $4,035 | $4,366 | $4,261 | $4,567 |
| ▁▆▄▂▅▅▅█ | Total Deposits ($M) | $3,994 | $4,714 | $4,373 | $4,234 | $4,608 | $4,602 | $4,593 | $5,003 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 39% |